During these winter months, the everchanging daylight reminds me of the strength and courage of our people. We have spent the past months gathering, hunting and fishing, preparing for the changes in the season. Our subsistence way of life sustains so many in our region as it has for 10,000 years. Our ancestors lived sustainably and thrived in the Arctic, guided by the same principles that guide our corporation today.
This year, it is my honor and privilege as BSNC’s President & CEO to celebrate the 50th anniversary of the Alaska Native Claims Settlement Act (ANCSA) with you, our shareholders. Since President Richard Nixon signed ANCSA into law in 1971, Alaska Native Corporations (ANCs) have become major economic drivers in Alaska. Aside from ranking among the top revenue-generating companies in the state, ANCs provide educational, social and cultural resources for current and future generations of shareholders.
ANCs have missions beyond business. Our mission—to improve the quality of life of our people through economic development while protecting our land and preserving our culture and heritage—is what drives us. Shareholders and generations of their descendants actively participate in the economic, political and social development of Alaska and our nation, and inform governance of the Arctic.
In living out this mission, we have made it a priority to help our shareholders financially address the impacts of the COVID-19 pandemic. BSNC’s CARES Act Direct Assistance Program is on track to fully extinguish all of the funds it received by providing direct financial support to shareholders. BSNC employees have moved swiftly and worked long hours to process the many applications received. We are confident that each late night and every extra hour had a real, tangible and immensely positive impact on Our People and our region.
In October, BSNC launched a shareholder survey. I would like to personally thank those who took the time to respond to the survey. Your feedback will help inform the Board on what is important to you, our shareholders.
BSNC is very pleased to welcome Central Environmental Inc. (CEI) to our family of companies. BSNC recently acquired CEI and its four subsidiary companies, Central Recycling Services, C.I. Contractors, Environmental Management Inc., and Concrete Coring Services. CEI is an Alaska-based, full-service integrated, general construction, demolition, utilities and environmental company. CEI’s impressive capabilities and projects align well with BSNC’s growing portfolio of companies and we are pleased that
Stuart Jacques will stay on with the company and continue to manage day-to-day business activities. I am excited to see the growth and new potential CEI will bring – both as a business, and as a driver of economic opportunity for Our People.
BSNC’s endurance and growth over the past 50 years demonstrates our commitment to its shareholders and our region. Our employees’ commitment to this mission situates BSNC to make a positive, long-lasting impact for our shareholders, their descendants and the region. All of us at BSNC are looking forward to a bright Arctic future as we walk in the footsteps of our ancestors and look to the values of Our People as our guide.
I am inspired by you, our shareholders and descendants; thank you for your continued support of BSNC. I wish you and your family peace, good health and happiness this holiday season.
Gail R. Schubert
BSNC President & CEO